Correspondent Lending Software | LoanLogics LoanHD®

Correspondent lending technology drives quality and profit for mortgage loan acquisition and due diligence relationships.

LoanHD^® Investor Module for Correspondent Loan Acquisition

Ready to trade process inefficiencies for a better investment in correspondent loan acquisition software?

Automate first.

Accelerate turn time for
mortgage loan acquisition.

Operating between multiple systems
(doc processing, LOS, PPE, seller portal...),
not designed for mortgage loan due diligence, is an inefficient way to do business.

Single platform, end to end correspondent loan acquisition technology is possible.

Transparently negotiate & manage mortgage trade commitments.

Buyer/seller visibility for price negotiation, loan quality review and
funding of a loan acquisition transactions does not need to be trapped in a
series of off-line spreadsheets.

A digitized commitment desk that supports mortgage investor due diligence
is possible.

Reduce risk &
profitably trade.

The profitability of a trade is only as good
as the underlying automation that flags quality issues, enables conditions to be quickly cleared and reduces the cost of managing the commitment.

Rules-based, automated correspondent lending software that surfaces risk
is possible.

I need comprehensive correspondent loan acquisition technology.

Tell me more

Designed by investors, for investors, a one-of-a-kind
correspondent loan acquisition platform.

The unique capabilities provided through the LoanHD^® Investor Module for Correspondent Loan Acquisition help increase investor confidence, profitability, as well as seller satisfaction and loyalty. To accomplish that, it leverages an integrated, automated, data-driven software platform, designed and developed based on investor requirement input, and built to handle every step in the mortgage loan acquisition process.

New Seller Application

The New Seller Application secure portal offers a structured way to accept seller applications
quickly and efficiently, providing complete
transparency into a pipeline view of all
applications.

Pricing & Eligibility

Integrated Pricing & Eligibility enables
control over pricing, defining seller specific pricing
and enabling seller access to loan programs, guidelines and pricing.

Commitment Desk

Management of the Commitment Desk
negotiation process improves communication
between investors and sellers. A summary of the
commitment provides an at-a-glance view of the
lock and delivery status of loans.

Pipeline Management

Real-time, transparent loan Pipeline Management provides a summary and status of all loans,
regardless of delivery method. Alerts are
continuously updated in real-time, showing loan
counts related to eligibility issues or lock file
status.

Pre-Funding Audit & Integrated Condition Clearing

Pre-Funding Audit & Integrated Condition
Clearing seamlessly runs data extraction and
audit rules automation to identity missing data,
audit loans and cure defects.

Funding & Loan Boarding

The Purchase Advice tracks the initial funding
review, capturing approval details, final approval
and the funded date. Sellers benefit from rapid
funding of loans and investors can easily on-board
loans to their servicing system.

New Seller Application

The New Seller Application secure portal offers a structured way to accept seller applications
quickly and efficiently, providing complete
transparency into a pipeline view of all
applications.

Pricing & Eligibility

Integrated Pricing & Eligibility enables control over pricing, defining seller specific pricing and enabling seller access to loan programs, guidelines and pricing.

Commitment Desk

Management of the Commitment Desk negotiation process improves communication between investors and sellers. A summary of the commitment provides an at-a-glance view of the lock and delivery status of loans.

Pipeline Management

Real-time, transparent loan Pipeline Management provides a summary and status of all loans, regardless of delivery method. Alerts are continuously updated in real-time, showing loan counts related to eligibility issues or lock file status.

Pre-Funding correspondent & Integrated
Condition Clearing

Pre-Funding correspondent & Integrated Condition Clearing seamlessly runs data extraction and correspondent rules automation to identity missing data, correspondent loans and cure defects.

Funding & Loan Boarding

The Purchase Advice tracks the initial funding review, capturing approval details, final approval and the funded date. Sellers benefit from rapid funding of loans and investors can easily on-board loans to their servicing system.

Streamline the seller application and approval process.

New Seller Application

An application dashboard gives the investor complete transparency into all seller application activity received through the portal, including applications in progress, submitted and approved.

A secure portal helps guide prospective sellers through investor defined application steps, capture required data and verify that the pertinent data and documentation has been supplied before the application package is submitted for approval. Integrated communication tools facilitate coordination with internal review teams and update new sellers as their application becomes approved. Once approvals are received, agreements can be generated, finalized and approved sellers can be given full access to the system.

Control pricing and attract sellers.

Pricing & Eligibility

Investors can profitably attract sellers and expand market share by maximizing flexibility and control over pricing. Integrated Pricing & Eligibility enables the customization of policies, including lock desk settings, at a very granular level and can assign them to one or more sellers based on targeted criteria. Read more...

Gross profit margins can be applied by product type and delivery
method. And, can be assigned globally or by seller. Investors can set pricing incentives to reward seller behaviors, such as early delivery or
high loan quality, which can help to capture additional business.

Integrated Pricing & Eligibility also provides seller access to loan programs, guidelines and pricing by entering a loan scenario or uploading a data file. Pricing results display the "Best Options," but also provide full details related to Best Efforts pricing, Mandatory and Direct Trade Commitments.

Once a rate/price is selected, that loan scenario can either be registered or locked. If locked, a rate lock notice is generated to the investor and the rate lock data can also be submitted to a hedging system. Show less

Within the pipeline, sellers can manage future actions for registered and locked loans, such as locking or relocking, submitting a change request, requesting a lock extension or cancelling the registration/lock.

Transparent management of the loan pipeline.

Pipeline Management

The Investor view of the pipeline is a complete summary and status of all loans regardless of deliver method. Sellers are provided a similar pipeline view.

Alerts are continuously updated in real-time showing loan counts related to eligibility issues or lock file states. For canceled or denied loans, PAIR OFF FEE ALERTS are displayed. By clicking the RESOLVE button, a pop-up will show all pair off warnings and enable the investor to charge or waive off fees as appropriate. A Seller's view of PAIR OFF FEE ALERTS will show a VIEW CHART button for view-only access.

Manage commitments through a digital commitment desk.

Commitment Desk

Investors can leverage a digital experience to manage the flow of data
and decisions for a negotiated trade transaction. Many investors still rely too heavily on spreadsheets and phone calls, leaving buyer and seller equally unsatisfied with the process and turn-time.

Correspondent investors who bring together the
3 steps in the negotiation process through a digital commitment desk will see improvements in both margin and throughput.

The bid tape

Automation technology intelligently consumes multiple file formats from unique sellers eliminating manual formatting efforts that delay delivery. Read more...The system intrinsically maps the files against a preconfigured library of required fields, saving time for both investor and seller.

Price negotiation/set up of the commitment

Pricing and eligibility configured in LLPower are called upon within the commitment desk so investors can understand best effort pricing against all a sellers’ loans in a single view. Read more...Commitment pricing can be uploaded or manually entered and the negotiated spread displayed. Automation ensures any future reprice events will also run BE pricing and apply the negotiated spread. Show less

Open trade status

Once the seller accepts the offer, the commitment is opened and can be managed by the investor and seller via a user-friendly web portal ensuring the timely delivery of loan files associated with that commitment. Read more...

Pre-funding audit workflow and integrated condition clearing.

Pre-Funding Audit

Upon upload of a closed loan file, pre-funding audit and integrated con-dition clearing begins with intelligent data extraction and automation that identifies missing documents and verifies and validates loan file data. This produces LoanFacts^™ that power audit rules automation prior to loan file review.

The Investor Pre-Fund audit Module on the LoanHD^® platform identifies tests completed through automation and those requiring further auditor review. The full review is completed in two steps, the eligibility audit followed by the pre-purchase review. Read more...

The granular detail captured in the process of clearing conditions can be analyzed to identify trends or patterns across all a seller’s loans, valuable feedback for finding the sources and causes of defects in the seller’s origination process.

Efficient Purchase Advice review, rapid funding and loan boarding.

Funding and Loan Boarding

Once loans are cleared for purchase, the Purchase Advice tracks the
initial funding review, capturing approval details, final approval and the
funded date. The total amount due the seller is displayed, the Warehouse data to be used can be selected and the loan can be approved for purchase.

Strong controls and management throughout the acquisition process and final approval of the purchase advice ensure rapid funding of loans for sellers and an assurance of quality for the investor to on-board loans to their servicing system.

I need correspondent lending technology to help me fund loans faster.

Tell me more

Proven Results.

A one-of-a-kind correspondent loan acquisition platform.

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INFOGRAPHIC

Technology Blueprint
for Correspondent Loan Acquisition.

Download

White paper

LoanHD^® Investor
Module for Correspondent Loan Acquisition.

Reduce risk and profitably trade.

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Correspondent lending technology drives quality and profit for mortgage loan acquisition and due diligence relationships.

LoanHD® Investor Module for Correspondent Loan Acquisition

Single platform, end to end correspondent loan acquisition technology is possible.

A digitized commitment desk that supports mortgage investor due diligence is possible.

Rules-based, automated correspondent lending software that surfaces riskis possible.

I need comprehensive correspondent loan acquisition technology.

Designed by investors, for investors, a one-of-a-kind correspondent loan acquisition platform.

New Seller Application

Pricing & Eligibility

Commitment Desk

Pipeline Management

Pre-Funding Audit & Integrated Condition Clearing

Funding & Loan Boarding

New Seller Application

Pricing & Eligibility

Commitment Desk

Pipeline Management

Pre-Funding correspondent & Integrated Condition Clearing

Funding & Loan Boarding

The bid tape

Price negotiation/set up of the commitment

Open trade status

LoanHD^® Investor Module for Correspondent Loan Acquisition

A digitized commitment desk that supports mortgage investor due diligence
is possible.

Rules-based, automated correspondent lending software that surfaces risk
is possible.

Designed by investors, for investors, a one-of-a-kind
correspondent loan acquisition platform.

Pre-Funding correspondent & Integrated
Condition Clearing